Thousands of South Koreans fled their homes Friday as a large wildfire ripped through an eastern coastal area and temporarily threatened a nuclear power station before being driven away by winds. The Hanul Nuclear Power Plant and a liquefied natural gas (LNG) production complex were successfully protected from the wildfire, the head of Korea Forest Service…
South Korean Wildfire Near Nuclear Plant Forces Thousands to Flee Their Homes
North Korea Fires Another Ballistic Missile Into Sea, Says South Korea
North Korea fired an alleged ballistic missile into the sea on Saturday, South Korean and Japanese military officials said, marking Pyongyang’s ninth missile launch this year. South Korea’s Joint Chiefs of Staff (JCS) confirmed to Yonhap News Agency that a suspected ballistic missile was fired from North Korea’s east coast near Sunan and traveled about…
South Korean Presidential Candidate Faces Backlash After Controversial Remarks on Ukraine
March 3, 2022
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2022 South Korean presidential electionAsia & PacificRussian invasionSouth KoreaTHAADUkraine crisisWorld
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South Korean presidential candidate for the ruling Democratic party faces backlash after placing blame on the Ukrainian president for the Russian invasion during a presidential debate. The 2022 South Korean presidential election is scheduled for March 9, less than a week away. Meanwhile, the war in Ukraine has come into the international spotlight as the…
South Korea Sanctions Russian Banks, Urges Local Institutions to Halt Trading in Russian State Bonds
March 2, 2022
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Asia & PacificBusiness & Economyeconomic policieseconomyEuropeMarketsRussia-UkraineRussia-Ukraine WarSouth KoreaSWIFT banking systemWorld
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South Korea’s government announced Tuesday that it will cut financial transactions with seven Russian banks as part of its economic sanctions against the Russian government, in response to Russia’s attack on Ukraine. The Finance Ministry stated that it will halt financial transactions with seven major Russian banks and their subsidiaries that the United States has…
South Korea Approves Pfizer’s Vaccine for Children Aged 5 to 11 Amid Increase in COVID-19 Cases
February 23, 2022
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South Korea has approved the use of Pfizer’s coronavirus vaccine for children aged 5 to 11, the Food and Drug Safety Ministry announced on Wednesday, following an increase in the country’s COVID-19 infections. The ministry stated that children with underlying health problems would be given priority to receive the Pfizer vaccine, with a vaccine rollout…
South Korean Banks Subject to Hundreds of Cyberattacks Daily
South Korean banks have been subjected to an average of nearly 600 cyberattacks per day since 2017, with China being the chief country where attacks are originating from, says South Korea’s Financial Services Commission (FSC). A recent FSC report disclosed by South Korean National Assembly member Kang Min-Kook showed that from 2017 to 2021, 17…
Experts Concerned as South Korea Hits Record Level Trade Deficit in January
Despite growing exports, the trade deficit in South Korea jumped to a 56-year high in January, prompting concerns as experts believe that it could be a signal of a less optimistic 2022 economy. According to data released by the South Korean Ministry of Trade, Industry and Energy on Feb. 1, South Korea’s exports in January…
Samsung to Hire Former US Ambassador as PR Chief for North America
February 14, 2022
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Asia & PacificBusiness & EconomyCompaniesMark LippertSamsungsemiconductorSouth Koreasupply chainU.S. ambassadorU.S.-China tensionsUnited StatesWorld
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Former U.S. Ambassador to South Korea, Mark Lippert, is expected to join Samsung Electronics next month as head of corporate and government affairs in North America. Industry experts told The Korea Herald they believe the recruitment will allow Samsung to bolster its responsiveness to changing U.S. policies, especially those regarding chips, which have emerged as a…
South Korea’s Anti-CCP Sentiment at All-Time High Over Disqualification of Two Speedskaters at Beijing Olympics, Could Influence the Upcoming Presidential Election
February 14, 2022
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2022 South Korean presidential electionAsia & PacificBeijing 2022 OlympicsBeijing OlympicsSouth KoreaSportsWorld
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South Koreans are angered by the disqualification of two of its short-track speedskaters at the Beijing Games just weeks ahead of its presidential election during which the debate topics were centered around the country’s relationship with China. According to the Associated Press (AP), the skating dispute crossed over into politics as South Korean presidential candidates—locked…
South Korea’s Anti-CCP Sentiment at All-Time High Over Disqualification of Two Speedskaters at Beijing Olympics
February 14, 2022
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2022 South Korean presidential electionAsia & PacificBeijing 2022 OlympicsBeijing OlympicsSouth KoreaSportsWorld
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South Koreans are angered by the disqualification of two of its short-track speedskaters at the Beijing Games just weeks ahead of its presidential election during which the debate topics were centered around the country’s relationship with China. The skating dispute crossed over into politics as South Korean presidential candidates—locked in heated campaigns ahead of the…
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